Oshkosh (NYSE:OSK) Upgraded to Buy at The Goldman Sachs Group

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has a $131.00 price target on the stock, up from their previous price target of $124.00. The Goldman Sachs Group's target price points to a potential upside of 5.47% from the company's current price.

A number of other research analysts also recently weighed in on the stock. UBS Group raised their target price on shares of Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Bank of America increased their price target on shares of Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. DA Davidson cut their price objective on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Citigroup reissued a "buy" rating and set a $130.00 target price (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Morgan Stanley decreased their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.14.

Oshkosh Trading Up 1.4%

OSK stock traded up $1.73 during midday trading on Tuesday, reaching $124.21. The company's stock had a trading volume of 771,015 shares, compared to its average volume of 669,027. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Oshkosh has a 52 week low of $76.82 and a 52 week high of $124.67. The business's 50-day simple moving average is $103.42 and its 200-day simple moving average is $98.71. The stock has a market cap of $8.00 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $2.89 EPS. Oshkosh's quarterly revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Oshkosh will post 10.96 EPS for the current year.

Institutional Investors Weigh In On Oshkosh

Several institutional investors and hedge funds have recently made changes to their positions in OSK. Parallel Advisors LLC raised its holdings in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. CX Institutional bought a new position in Oshkosh in the 1st quarter valued at $28,000. Coppell Advisory Solutions LLC grew its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after buying an additional 110 shares during the period. Golden State Wealth Management LLC lifted its stake in Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at $34,000. Institutional investors own 92.36% of the company's stock.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.